Susquehanna Bancshares, Inc. SUSQ today announced the
final results of elections made by Tower Bancorp, Inc. shareholders
regarding the form of merger consideration they will receive as a result of
the February 17, 2012, acquisition of Tower by Susquehanna.
Under the merger agreement, Tower shareholders were entitled to elect to
receive, for each share of Tower common stock, either 3.4696 shares of
Susquehanna common stock or $28.00 in cash. The individual elections made by
each shareholder were subject to proration so that $88 million of the
aggregate consideration is paid in cash. The election deadline was 5 p.m.
Eastern Time on February 15, 2012.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in